- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). UK Statutory Instruments are not carried in their revised form on this site.
8.—(1) For the purposes of paragraph 7—
(a)“a relevant regulated activity” means an activity of the following kind—
(i)dealing in investments, as principal or as agent;
(ii)arranging deals in investments;
(iii)operating a multilateral trading facility;
(v)safeguarding and administering investments;
(vi)establishing, operating or winding up a collective investment scheme; and
(b)for these purposes “investment” means—
(ii)instruments creating or acknowledging indebtedness;
(iii)instruments giving entitlement to investments
(iv)certificates representing securities;
(v)units in a collective investment scheme;
(viii)contracts for differences; and
(ix)rights to or interests in investments.
(2) Paragraph 7 and this paragraph must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section; and
(c)Schedule 2 to that Act,
but any restriction on or exclusion from the meaning of a regulated activity for the purposes of paragraph 7 which arises from the identity of the person carrying on such activity is to be disregarded.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Click 'View More' or select 'More Resources' tab for additional information including: